Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
ONLY ONE company with A2 SAMR approval ..............SYNLAIT Understand Pokeno waiting on site inspection but can produce IF just not A2 for CHINESE physical stores.
Last edited by dreamcatcher; 20-02-2020 at 02:51 PM.
Very well written mate. If I remember correctly the decision for ATM to invest heaps more in Synlait at over $11 was another one of Herdlickers "brilliant" ones and done shortly after her appointment.
Last edited by Beagle; 23-02-2020 at 03:57 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Just keep adding even more debt on top of their existing debt mountain and completely ignore the fact they might have a massive problem pending at Pokeno. What could possibly go wrong lol "Fabulous" governance and risk management.
In September 2018 Synlait and ATM were pacing each other's share price at just on $13 each and worth very close to the same value.
Synlait share price at the time of writing is worth less than a third of ATM. What a spectacular fall from grace in just 18 months !
Last edited by Beagle; 11-03-2020 at 10:28 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Interesting announcement by SML today. See it here.
Originally Posted by Beagle
Just keep adding even more debt on top of their existing debt mountain and completely ignore the fact they might have a massive problem pending at Pokeno. What could possibly go wrong lol "Fabulous" governance and risk management.
I guess in itself are the proposed reasons to buy the adjacent farmland sound. Both water rights as well as rail facility sound sensible and it gives them space to expand. Currently probably as well a good time to buy farmland at less inflated prices.
Agree however that another nearly $26 million of expenses might be problem for them if the Pokeno decision at the supreme court turns pear shaped ... Though - maybe they intend to use the additional space to relocate Pokeno if necessary - who knows?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Originally Posted by winner69
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